What does "Compiling error with Time Library" have to do with
In file included from D:\Downloads\Programs\arduino-1.0.1-windows\arduino-1.0.1\libraries\WiFlySerial\WiFlySerial.cpp
You are downloading libraries and putting them in the wrong place. YOU are shooting yourself in the foot.
You should have a libraries folder in your sketch folder. if not, create one. THAT is where you download libraries to.